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Terna Energy announces completion of new wind farm in the United States

Terna Energy, a member of the GEK Terna Group, on Wednesday announced the completion and commencement of commercial operations of a wind farm in the United States.The construction of the Fluvanna I Wind farm in Scurry County, Texas began in December 2016 and was completed in less than 12 months, the company said.Fluvanna I has a total capacity of...
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Attica Bank’s shareholders approve share capital increase plan

Attica Bank’s shareholders approved a board plan for a share capital increase worth up to 198 million euros in a move aimed to strengthen the bank’s capital base, to repay the Greek state’s preference shares worth 100 million euros, to cover any needs from the implementation of new accounting standards from January 1, 2018 and to...
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Autohellas completes purchase of 70 pct in Autodeal and Hyundai Hellas

Autohellas announced the completion of a purchase of a 70 pct in Autodeal P&R Davaris ABEE and Hyundai Hellas P&R Davaris ABEE through the participation of DERASCO (a subsidiary of Autohellas) in the share capital increase plans by the two companies.Autohellas will invest 20 million euros in the two share capital increase plans and said...
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Korres Group announces strategic agreement with Morgan Stanley, Profex

Korres SA Natural Products on Wednesday announced a strategic equity agreement with Morgan Stanley North Haven Private Equity Asia IV, LP and Profex Inc -a distribution company of cosmetic products in China.Under the terms of the agreement, the Korres family will keep 30 pct of the company with the two new investors holding 70 pct. Following...
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SEKAP’s board to meet on bankruptcy threat

SEKAP’s board will convene urgently on Thursday to prepare the company for a bankruptcy procedure. Top Greek companies, specializing on bankruptcy issues, will also participate the board meeting.In an announcement, SEKAP said the extraordinary board meeting was decided because of the “fundamental obstruction of the operation of the...
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Ethniki Insurance stands by the side of society

Ethniki Insurance, the most historic insurance firm in Greece, has always been and continues to stand by the side of the insured person and of the citizen. Just in 2017, Ethniki Insurance implemented more than 50 actions in the fields of society and vulnerable groups, of health, culture and sports. In particular, it proceeded to subsidizing the...
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PPC says 9-month pre-tax profit falls to 38 mln euros

Public Power Corporation (PPC) said on Thursday that pre-tax profits amounted to 38 million euros in the nine-month period of 2017 compared to 56.6 million euros in the same period last year.EBITDA from continuing operations decreased by 238 million euros (37.8 pct) compared to last year, with the respective EBITDA margin standing at 10.5 pct...
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